What are the operating budget projections for FY 2009-2010 that result from the assumptions adopted by the Board of Trustees?
• A total revenue budget projection of $96,692,000 that represents a decrease of 4.4 percent or $4,453,000 from the $101,145,000 working revenue budget for FY 2008-2009. The decrease in the total revenue budget can be primarily attributed to decreased net tuition revenue from undergraduate students ($5,449,000 or 10 percent), decreased revenue from auxiliary services ($825,000 or 5.0 percent) and offset by an increase in revenue from adult and graduate programs ($1,564,000 or 7.9 percent). • A total operating expense budget projection of $96,692,000 that represents a decrease of $4,988,000 or 4.9 percent from the expense budget of $101,680,000 for FY 2008-2009. It should be noted that the expense budget of $101,680,000 for FY 2008-2009 was recently modified to reflect $1,729,000 in one-time non-recurring savings that were identified through the cooperative efforts of College budget managers. • The decrease in the total operating expense budget projection for FY 2009-2010 can be primari
Related Questions
- Why do the operating budget assumptions freeze or decrease employer contributions to employee benefits programs rather than reduce some other operating budget expense?
- How can the College formulate operating budget assumptions and projections in such uncertain economic conditions?
- What were the key operating budget assumptions adopted by the Board of Trustees?
